Fund-vs-fund · Diversified
Booster Wealth Geared Growth Fund vs Booster Wealth Moderate Fund
Both are Diversified funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.
Why these two differ
The most material structural difference between these two funds is their growth asset allocation. The Booster Wealth Moderate Fund holds 53.15% in growth assets, carrying a risk indicator of 4 out of 7, while the Booster Wealth Geared Growth Fund holds 98.31% in growth assets and a risk indicator of 5 out of 7. Despite sharing the same manager, the same Diversified category, and the same PDS dated 22 January 2026, they represent substantially different risk-return profiles.
The fee gap is also notable. The Moderate Fund charges 0.74% per annum; the Geared Growth Fund charges 1.35% — a difference of 0.61 percentage points annually. Neither fund discloses a five-year return figure in the data available for this snapshot, so historical performance cannot be compared here.
Both funds are similarly sized — NZD 2.84 million and NZD 2.71 million respectively — which is relatively small and may be a consideration around liquidity and scale. The Moderate Fund's top holdings lean toward NZ cash instruments and government bonds alongside equities, reflecting its more defensive positioning. The Geared Growth Fund's disclosed top holdings are equity-heavy, led by Fisher & Paykel Healthcare, NVIDIA, Apple, Auckland International Airport, and Microsoft, consistent with its near-total growth asset weighting. The word "Geared" in the second fund's name also warrants attention; investors should review the PDS carefully for any leverage or derivative disclosures.
Verify all figures against the source PDS and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Comparison generated 2026-07-05 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
What's different at a glance
- Booster Wealth Moderate Fund charges 0.61% lower in annual fund charges (0.74% vs 1.35%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
Where each fund sits in its cohort
Percentile rank vs all 67 diversified funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Booster
1.35%
Highest 15% of cohort
Booster
0.74%
Lowest 23% of cohort
5-year return p.a.
Past performance — not a predictor
Booster
—
—
Booster
—
—
Fund size
Larger = more stable, lower close-risk
Booster
NZ$3m
Smallest 4% in cohort
Booster
NZ$3m
Smallest 5% in cohort
| Metric | Booster | Booster | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.35% | 0.74% | Lower is better |
| Risk indicator (1–7) | 5 | 4 | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$3m | NZ$3m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 53% / 47% | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | PIE (PIR-capped) | PIE = simpler. FIF = annual return. |
| Currency hedging | — | — | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | No | No | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
Portfolio overlap
How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.
Matching holdings
3
of each fund's top 10
Booster weight in shared
10.4%
of Booster Wealth Geared Growth Fund top 10 is shared
Booster weight in shared
8.6%
of Booster Wealth Moderate Fund top 10 is shared
| Holding | Booster | Booster |
|---|---|---|
| NC NZ Cash (BNZ Bank Trust Account) NZ | 2.38% | 5.98% |
 Fisher & Paykel Healthcare Corporation Limited NZ | 4.25% | 1.57% |
 NVIDIA Corp US | 3.77% | 1.06% |
"Min weight" = the smaller of the two weights — a conservative read of how much exposure you'd have to that position if you held both funds.
What each fund says it does
Booster
Booster Wealth Geared Growth Fund
The Wealth Geared Growth Fund is suited to investors who seek higher returns, including increased potential returns via leverage, on average over extended periods (fifteen years plus), allowing for more significant short to medium term ups and downs, whilst excluding investments which do not satisfy certain responsible investment criteria. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets, the use of leverage to provide increased exposure, and the application of our Approach to Responsible Investing pFull Booster Booster Wealth Geared Growth Fund profile →
Booster
Booster Wealth Moderate Fund
The Wealth Moderate Fund is suited to investors who seek moderate returns on average over medium term periods (three years plus), allowing for some shorter-term ups and downs, whilst excluding investments which do not satisfy certain responsible investment criteria. We aim to achieve this by investing mainly in income assets, while including a moderate allocation of growth assets, and the application of our Approach to Responsible Investing policy.Full Booster Booster Wealth Moderate Fund profile →
Common questions
What's the difference between the Booster Wealth Geared Growth Fund and the Booster Wealth Moderate Fund?
Which fund has lower fees, Booster Wealth Geared Growth Fund or Booster Wealth Moderate Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
